The transactions described in the following questions occurred in a voluntary health and welfare organization during the year ended December 31, 20X8. For each transaction, indicate its effect(s) on the organization's statement of activities prepared for the year ended December 31, 20X8. List all effects of transactions affecting more than one class of net assets. Indicate your choice(s) by entering the letter corresponding to the effects listed here:
Effe cts of Transactions on Statement of A ctivities
-A gain was realized from the sale of securities which were permanently invested.The gain is restricted as to use.
A) Increases unestricted net assets.
B) Decreases unrestricted net assets.
C) Increases temporarily restricted net assets.
D) Decreases temporarily restricted net assets.
E) Increases permanently restricted net assets.
F) Decreases permanently restricted net assets.
G) Transaction is not reported on the statement of activities.
Correct Answer:
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Q81: Indicate your choice by entering the letter
Q87: Indicate your choice by entering the letter
Q89: Indicate your choice by entering the letter
Q91: Indicate your choice by entering the letter
Q100: Indicate your choice by entering the letter
Q101: The transactions described in the following questions
Q103: Private Not-For-Profit (NFP) Entities.
Select from this list
Q110: The CFO of a "Not-for-Profit" hospital is
Q112: The transactions described in the following questions
Q115: The transactions described in the following questions
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